Invest Without Emotions
Image via CrunchBase
The NIFTY ended on a bullish note, shooting up 2.10% for the week.
Biggest losers were INFY(-9.25%), TCS(-7.28%) and HCLTECH(-4.62%). And the biggest winners were RPOWER(19.20%), JPASSOCIAT(17.38%) and RELCAPITAL(14.70%)
Advancers lead decliners 41 vs 9
Gold: -1.39%, Infrastructure: 7.09% and Banks: 5.84%
Have a nice weekend!
True story!
The government ratified a Nov. 24 cabinet decision to raise the ownership limit to 100 percent from 51 percent for single- brand, Trade Minister Anand Sharma said in a statement yesterday. The new rules take effect immediately and require the companies to use smaller Indian companies for at least 30 percent of procurement, he said.
via India Lets Starbucks, Ikea Open Wholly Owned Stores After Wal-Mart Reverse – Bloomberg.
| SYMBOL | NAME | 2011 Performance |
| KOTAKPSUBK | Kotak Mahindra – PSU Bank ETF | -42% |
| PSUBNKBEES | Benchmark – PSU Bank ETF | -41% |
| INFRABEES | Benchmark – Infrastructure ETF | -40% |
| RELBANK | Reliance – Bank ETF | -37% |
| BANKBEES | Benchmark – Bank ETF | -33% |
| JUNIORBEES | Benchmark – Nifty Junior ETF | -32% |
| M50 | Motilal Oswal – M50 ETF | -30% |
| NIFTYBEES | Benchmark – Nifty ETF | -24% |
| SHARIABEES | Benchmark – Sharia ETF | -20% |
| HNGSNGBEES | Benchmark – Hang Seng ETF | -3% |
| GOLDBEES | Benchmark – Gold ETF | 29% |
If you thought a down 25% was bad, Indian banks took it in the chin in 2011. Public Sector Banks lost about 41% while the sector as a whole shed about 33%. So much for “safe” Indian banks. The actively managed Motilal M50 performed worse than the NIFTY. In spite of the year-end weakness, the yellow metal trounced the rest of the market fair and square.
The markets open up 1.2%
12pm (+0.8%): The RBI pauses and actually signals that it is going cut rates going forward.
1pm: The market trends higher (+1.2%). Looking good so far…
2pm: softening up a bit, but still +0.6%.
And it closes down 2%
This is one bipolar market.